Just a few quick calculations.
GIB basically rose @1.5cents between yesterday and today for an increase in market cap of $3.15 million dollars (210 million shares) for its 20% share (which is free carried which makes it more valuable).
STK rose 2 cents on the announcement increasing its market cap by $22 million for an 80% interest. Based on this increase GIB 20% is worth $5.5 million (ignoring the free aspect)
Therefore GIB needs to rise another $2.35 million to reflect the increase in STK. This translates into an undervaluation of approximately 1.1 cents per share. Hopefully the market forces will adjust tomorrow.
And this calculation totally ignores the FREE aspect of the carried interest.
Ann: STK: High Grade Zinc-Led Discovery in Earaheedy Basin, page-32
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Last
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.46M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6187 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 87173 | 1 |
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| Last trade - 07.00am 25/06/2024 (20 minute delay) ? |
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